This is a 4,550 sq.ft. Asian Restaurant located in well populated City in Bay Area. Because of Corona Virous and the pandemic that all businesses are going through, the landlord modified the Rent as follow;
First 6 months: $4,500/m.
Next 6 months: $6,000 or 10% of Sales, verified.
Next 12 months & (2nd year): $9,000 or 10% of Sales.
3rd Year: Market rate, $9,200 or 10% of Sales.
Lease expires 2024 with 2 x 5 years option. There are 128 seats in the dinning room, and place has ABC Type 47 License. Hours of operations; (11 am-8 Pm/ 7 x days a week). Seller claims his Gross Annual Revenue for 2019 was $840,000.